Retirement | FS Super

Retirement Articles

Understanding life expectancies

JEREMY COOPER | Comments | TUESDAY, 26 NOV 2019

It is a fact of life that nobody knows exactly how long they will live. Of more concern is that most people don't know how long they are expected to live on average either. Given that Australian seniors ... It ... Read more

Superannuation is for spending

NICK CALLIL | Comments | FRIDAY, 1 NOV 2019

It is remarkable that, more than 25 years after the key planks of today's superannuation system were put in place, we still have not defined the purpose of superannuation, despite recent (to date) ... It ... Read more

Deferred lifetime annuities

ANDREW LOWE | Comments | FRIDAY, 18 OCT 2019

The introduction of the government's 'Innovative Superannuation Income Streams' Regulations [Treasury Laws Amendment (Innovative Superannuation Income Streams) Regulations 2017] has, since ... The ... Read more

Managing downside risk

DARREN BEESLEY | Comments | FRIDAY, 13 SEP 2019

The ASFA Retirement Standard benchmarks the annual budget needed by Australians to fund either a comfortable or modest standard of living in the post-work years. Budgets for various households and living ... The ... Read more

The retirement time bomb

DAVID ORFORD | Comments | THURSDAY, 2 MAY 2019

With two years of considerable discussion around the provision of new retirement income products, savvy trustees are realising it's the perfect time to integrate retirement income products into the mix. With ... Read more

How to manage money differently in retirement

DARREN BEESLEY | Comments | THURSDAY, 21 MAR 2019

In the past, most Australians have been in the accumulation phase when it comes to their money. Their primary objective has been building wealth. But that changed in 2011 when the first of 5.6 million ... In ... Read more

Rethinking fixed income in retirement

GOPINATH KARUNAKARAN | Comments | FRIDAY, 8 FEB 2019

We have been in a period where financial market volatility has been abnormally low and as such, the focus in fixed income has become overly skewed to how much interest income can be generated, at the ... We ... Read more

You'll live longer than you think

DAVID ORFORD | Comments | THURSDAY, 6 DEC 2018

The risk of financial advisers using the Australian life tables (ALT) to help clients prepare for retirement will lead to Australians facing ongoing challenges as they increasingly outlive their life ... The ... Read more

Innovating financial products for retirement

DAVID ORFORD | Comments | FRIDAY, 27 JUL 2018

Ever since the introduction of Australian Life Tables by the Australian Government Actuary in the 1880s, the longevity of Australians has been consistently improving. Fast forward a century to the 1980s ... Ever ... Read more

RAEWYN WILLIAMS , PAUL BOUCHEY | Comments | FRIDAY, 27 APR 2018

"...gold which he cannot spend will make no man rich." - Dr. Samuel Johnson (1709-84) Superannuation funds in Australia will rightly be pleased with the average double-digit investment returns ... "...gold ... Read more

Ready for anything

SAM HIGGIE | Comments | FRIDAY, 2 MAR 2018

1. Retirement in Australia: yesterday, today and tomorrow Australia's superannuation system - the Superannuation Guarantee - is now in its 25th year. By almost all measures, this system has been ... Read more

Becoming a financial superwoman

ERIKA JONSSON | Comments | THURSDAY, 22 FEB 2018

We all hope that when we've finished our working life, we can retire in comfort. However, the reality for many people, especially women, is very different. While women's participation in the ... Read more

The retiree and the 100-year storm

ALASTAIR MACLEOD | Comments | FRIDAY, 17 NOV 2017

Two years ago, the Chinese stock market was nearing the end of a mini-meltdown during which the Shanghai Composite shed more than 40% of its value in two months. This event, plus the US Federal Reserve's ... Two ... Read more

Most common Q&As about aged care

JOHN RAWLING , RODNEY HORIN | Comments | FRIDAY, 13 JAN 2017

As Australians live longer, more and more will end up in residential aged-care. The number of people in permanent aged care in Australia is expected to triple in the next 35 years, from 225,000 today ... As ... Read more

Rethinking post-retirement asset allocation

SAMUEL MORRIS | Comments | FRIDAY, 13 JAN 2017

While growth assets are widely accepted in asset allocation decisions during the accumulation phase, many investors overlook the benefit allocating to shares can provide in the way of growing tax-effective ... While ... Read more

Smarter MySuper defaults

DOUGLAS BUCKNELL | Comments | FRIDAY, 13 JAN 2017

Are Super Funds being hypocritical? Telling their members who have made an investment choice and are engaged (circa 20%), via their website information, calculators and advice models (Limited, General ... Are ... Read more

Will you be sacrificing benefits?

ANTHONY GLEESON | Comments | FRIDAY, 13 JAN 2017

The removal of the 10% test from 1 July 2017 for individuals to make personal deductible contributions requires that financial advisers reconsider conventional approaches to finncial planning. The ... Read more

The need for a richer suite of retirement products

JEFF ROGERS | Comments | FRIDAY, 16 SEP 2016

Designing appropriate investment strategies for retirees is more challenging today than it has ever been. In the past, nominal and real interest rates were higher while average life expectancy was shorter. Designing ... Read more

The Easson Effect

MICHAEL EASSON | Comments | FRIDAY, 17 JUN 2016

The biggest fear in anything Michael Easson does is being ineffective. This is why the first independent chair of the Association of Superannuation Funds of Australia knows his role is one that carries ... The ... Read more

Innovative retirement income products

CRAIG RACINE | Comments | FRIDAY, 16 SEP 2016

The perfect storm: An ageing population in a low interest rate, highly indebted world As the post-war baby boomers continue their march towards retirement more than four million Australians have reached ... The ... Read more

Retirement income adequacy - are we still making progress?

JOHN BURNETT , NICK WILKINSON | Comments | FRIDAY, 16 SEP 2016

While investment markets performed strongly from 2010 to 2014, there haven't been corresponding improvements in the projected retirement income adequacy for all groups, especially for couples. A ... Read more

Rethinking risk through goals-based investing

ALEX BURKE | Comments | FRIDAY, 17 JUN 2016

If you ask industry consultant John Wiseman, the waves of baby boomers entering retirement are about to hit a perfect storm: longer lifespans, insufficient savings and record low interest rates. As recently ... If ... Read more

SM Bonds: A public-private partnership for longevity risk management

SHAUNA FERRIS | Comments | FRIDAY, 17 JUN 2016

There is a consensus of opinion: retirement income products which are currently available in the Australian market are not meeting the needs of our retirees. Too many people are seriously worried about ... There ... Read more

Designing retirement solutions that deliver income for life

CRAIG HURT | Comments | FRIDAY, 17 JUN 2016

Regulation in our market is changing the way that retirement income solutions are built. This paper, developed with the global experience of both AXA Life Invest and AXA Investment Managers, looks at ... Regulation ... Read more

The price of longevity

ALEX BURKE | Comments | FRIDAY, 17 JUN 2016

In 2012, the Actuaries Institute described Australia's looming retirement crisis as a "longevity tsunami". In a report, the institute noted that nearly 25% of Australia's population ... In ... Read more

Searching for retirement income solutions

ALEX BURKE | Comments | FRIDAY, 15 APR 2016

Greater scrutiny on retirement income was a cornerstone of the Financial System Inquiry, and the different theories about how to solve the issue have divided institutions, advisers and researchers. Alex ... Greater ... Read more

Roadmap for a new landscape: managing the transition of wealth across generations

SPDR PRACTICE MANAGEMENT, STATE STREET GLOBAL ADVISORS | Comments | FRIDAY, 15 APR 2016

Financial advisers today face what is perhaps their most significant challenge yet: helping clients to move from inertia to activity in planning for the transfer of their wealth - while ensuring asset ... Financial ... Read more

The cost of diversification

MICHAEL ARMITAGE , WADE MATTERSON | Comments | FRIDAY, 15 APR 2016

Typical Australian 60/40 balanced portfolios experienced losses of 20% or more at the nadir of the crisis, destroying retirement income expectations, especially for those who succumbed to poor investor ... Typical ... Read more

Australia today: Are we worried about the future?

ANDREW HAGGER | Comments | FRIDAY, 15 APR 2016

MLC commissioned IPSOS to prepare a three-part whitepaper to explore the challenge of how to get more Australians to think about their retirement. More than 2000 Australians participated in the research ... MLC ... Read more

Apply for the Pension bonus scheme or forever hold your peace

WILLIAM TRUONG | Comments | THURSDAY, 29 OCT 2015

In light of this year's Federal budget announcements regarding asset test changes, clients who are currently registered for the Pension Bonus Scheme (PBS) should consider applying for their bonus ... In ... Read more

Rethinking 'safe' investments for retirees

REECE BIRTLES , WILLIAM BAYLIS | Comments | THURSDAY, 29 OCT 2015

Back in 2010, Martin Currie started to look at how the ageing population was changing the retirement environment in Australia, and how people moving into retirement were actually going to fund their ... Read more

PART II: The challenge of longevity risk - making retirement income last a lifetime

ACTUARIES INSTITUTE AUSTRALIA | Comments | THURSDAY, 29 OCT 2015

Part two of this paper provides an overview of each country's approach to longevity risk in the context of the retirement income. It addresses differences more than common themes in social security ... Part two ... Read more

PART I: The challenge of longevity risk - making retirement income last a lifetime

ACTUARIES INSTITUTE AUSTRALIA | Comments | THURSDAY, 29 OCT 2015

Part one of this paper concentrates on longevity risk in the context of the retirement income system in Australia, the United Kingdom (UK) and the United States (US). While there are differences in the ... Part ... Read more

Is it sensible to buy an annuity in the current environment

AARON MINNEY | Comments | WEDNESDAY, 27 MAY 2015

Retirees often ask their adviser if it is a good idea to lock in retirement income in a low interest rate environment. There is often a sense that "rates will have to rise" so clients assume ... Retirees ... Read more

Fixing the superannuation policy mess

STEPHEN KING , RODNEY MADDOCK | Comments | WEDNESDAY, 27 MAY 2015

Australia's superannuation system is a curious hybrid. It starts from the premise that people do not accumulate enough savings during their working lives and so should be forced to save. It then ... Read more

The Yin and Yang of retirement income philosophies

WADE PFAU , JEREMY COOPER | Comments | WEDNESDAY, 27 MAY 2015

Within the world of retirement income planning, there are two opposing schools of thought: probability-based and safety-first. Understanding the distinctions and thought processes of both schools is ... Read more

A recap of transition to retirement pensions

TREVOR HARRIS | Comments | TUESDAY, 7 MAY 2013

Rainmaker's professional standards officer Trevor Harris runs through some of the tax benefits and pitfalls of transition to retirement pensions. Rainmaker's professional standards officer ... Read more

The silver economy - how the over 50s will shape financial services

CATHERINE NANCE | Comments | TUESDAY, 7 MAY 2013

PricewaterhouseCoopers partner Catherine Nance has a thorough look at how those now approaching retirement age will reshape the financial services industry. PricewaterhouseCoopers partner Catherine ... Read more

Advice on retirement income: a long way to go

ANTHONY ASHER | Comments | TUESDAY, 7 MAY 2013

As Australia's population reaches unprecedented levels of longevity, UNSW's Anthony Asher addresses some of the associated risks and proposes some controversial solutions. As Australia's ... Read more

Guaranteed income pensions: engaging members for life

JEREMY COOPER , AARON MINNEY | Comments | TUESDAY, 7 MAY 2013

Challenger's Jeremy Cooper and Aaron Minney take a look at the retirement phase of superannuation, advocating the inclusion of longevity protection products in addition to the standard account based ... Challenger's ... Read more

Are Australians Preparing for their Retirement?

LESTER WILLS | Comments | MONDAY, 4 FEB 2013

Intuitively the answer to this question would appear to be yes as unlike many other countries around the world, Australia operates a mandatory retirement savings scheme called the Superannuation Guarantee ... Intuitively ... Read more

Pathways to Retirement: Older University Workers' Attitudes and Intentions Towards Retirement

ROSALYN DEVRIES | Comments | MONDAY, 4 FEB 2013

The aim of this qualitative study was to explore the intentions of employees working within the Australian higher education sector towards the retirement transition process. Work and non-work variables ... The ... Read more

It's time to abolish retirement

DARREN WICKHAM | Comments | TUESDAY, 1 JAN 2008

Retirement is a relatively new phenomenon. As a period of leisure it is even more novel. Increasing lifespans and low birth rates mean that retirement is becoming less affordable. Retirement now means ... Retirement ... Read more

Self-managed super funds: history, risk and the future

CHRIS PEARCE | Comments | THURSDAY, 1 JAN 2009

Self managed superannuation has proven to be a very successful concept, which continues to grow at a rapid rate. The Coalition strongly supports SMSFs as we believe in choice, and self managed superannuation ... Self ... Read more

New ideas for age pension reform

GEOFF DUNSFORD , DARREN WICKHAM | Comments | THURSDAY, 1 JAN 2009

One major aspect of the Age Pension system is its impact on retirement incomes generally, and the needs they are required to satisfy. We are told that our Three Pillars policy is the envy of many countries ... One ... Read more

Latest News


Higher super contributions make Aussies feel safer HARRISON WORLEY New research suggests contributions above the current rate of superannuation guarantee lead to Australians feeling more secure about their retirement.

SG amnesty bill finally passes HARRISON WORLEY The government's superannuation guarantee amnesty bill was waved through the Senate yesterday, almost two full years after it was first introduced to the parliament.

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So far, Jo-Anne Bloch's career has seen her spend time across each of super's thickly drawn lines. After speaking to the Mercer head of industry and public sector, Harrison Worley writes about the value of the lessons learned between each one.

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Back in the 80s and 90s a hot topic was the hole in the ozone layer. As the hole was above Australia, we suffered due to the actions of other nations.		As we start a new year, it feels like a good time to break out the crystal ball and have a think about what may happen over the next year in the financial ...
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